Support Skift’s Independent JournalismMake a Contribution Now
Red Lion Hotels Corp. (RLH) on Tuesday reported third-quarter profit of $2.3 million.
On a per-share basis, the Spokane, Washington-based company said it had net income of 11 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 24 cents per share.
The hospitality company posted revenue of $45.6 million in the period.
Red Lion Hotels shares have risen 25 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.75, a rise of 18 percent in the last 12 months.
Copyright (2016) Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. This article was from The Associated Press and was legally licensed through the NewsCred publisher network.